I have been watching IWM and XBI for weakness or strength as general market indicators. Today's open was below Friday's open, which is very bearish. Same is true for AAPL. XBI tried to rise and failed.
Overall, many tickers have completed a "cup" formation and are extended from their daily MA's while indicators are extremely overbought. Hence a pullback to form a "handle" makes sense.
Beyond the next few days, I am aware of various expert views of the next market direction. I am staying open to possibilities until I feel more confident in my own studies.
Overall, many tickers have completed a "cup" formation and are extended from their daily MA's while indicators are extremely overbought. Hence a pullback to form a "handle" makes sense.
Beyond the next few days, I am aware of various expert views of the next market direction. I am staying open to possibilities until I feel more confident in my own studies.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.